Commercial Information Circulars

24-hour hotline : 23 922 922

e-mail address : enquiry@tid.gov.hk

Ref : EIC 111/3/10/1

11 July 2014

Dear Sirs,

Commercial Information Circular No. 663/2014

US : Countervailing Action against Carbon and Certain Alloy Steel Wire Rod from the Mainland of China : Preliminary Affirmative Countervailing Duty Determination

The US Department of Commerce (DoC) announced in the Federal Register (FR) notice of 8 July 2014 the preliminary affirmative determination that countervailable subsidies were being provided to producers and exporters of carbon and certain alloy steel wire rod from the Mainland of China. The countervailing duty rates were found to be 10.30% - 81.36%. The FR notice is available at: http://www.gpo.gov/fdsys/pkg/FR-2014-07-08/pdf/2014-15949.pdf.

2.On 25 March 2014, the US International Trade Commission (ITC) already issued its preliminary affirmative determination that there was a reasonable indication that an industry in the US was materially injured by reason of imports of carbon and certain alloy steel wire rod from the Mainland of China. The investigation will now proceed to the final phase. The final countervailing duty determination of the DoC is scheduled to be issued no later than 12 November 2014, unless postponed. If the final determination of the DoC is affirmative, the ITC will make its final determination on whether an industry in the US is materially injured, or threatened with material injury, by reason of imports of carbon and certain alloy steel wire rod from the Mainland of China within 45 days after the DoC's final determination.

ENQUIRIES

3.For enquiries concerning this circular, please contact Mr Lewis LAU at telephone number 2398 5405.

Yours faithfully,

(Miss Janice LAU)

for Director-General of Trade and Industry